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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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14828 Sussex St , Detroit, MI 48227
$185,000
Est. Payment: $411.11/mo
0 Bed
4 Bath
0 Sqft
Status: Active | Days on site: 25
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432795 - 460851
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

INVESTMENT OPPORTUNITY IN DETROIT! This well-maintained Triplex offers strong rental income with long-term tenants already in place. The property features two 1-bedroom units upstairs and a fully renovated 3-bedroom unit downstairs. Current rents are $699, $750, and $1,100, for a total monthly rental income of $2,548 ($30,588 annually). After current leases expire the rental rates can be raised to the current market rate which are $750-$1000 for 1b1b and $1100-$1600 for 3b1b. Opportunity for an investor looking for an income-producing Detroit property with established tenancy and additional potential for future rental growth.
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Highlights

Listed by Arriana Wallace , 810-493-7223 Howard Homes 4 You LLC , 810-820-3389.

Property Type

Multi-Family
Lot/Acreage
0.1

Year Built

1929

County

Wayne

 School District

Detroit

Listing ID

20261067340

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:
Water:Public

Exterior Features
Principal Interest
$411
Taxes
$437

Home Price

$185,000

Loan Details

30 yrs
%

Down Payment

20%
$37,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$411.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $411.11 $436.67 $0.00 $847.78
Yearly $4,933.33 $5,240.00 $0.00 $10,173.33
Total $148,000.00 $157,200.00 $0.00 $305,200.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.